Sit Investment Associates Inc. Buys 308,108 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Sit Investment Associates Inc. raised its stake in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 29.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,352,512 shares of the company’s stock after acquiring an additional 308,108 shares during the quarter. Sit Investment Associates Inc.’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $17,231,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN grew its position in shares of Neuberger Berman Next Generation Connectivity Fund by 9.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,483,359 shares of the company’s stock valued at $18,898,000 after purchasing an additional 126,793 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in Neuberger Berman Next Generation Connectivity Fund in the 4th quarter valued at $235,000. Prevail Innovative Wealth Advisors LLC grew its holdings in Neuberger Berman Next Generation Connectivity Fund by 18.3% in the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 95,321 shares of the company’s stock valued at $1,214,000 after buying an additional 14,732 shares in the last quarter. LPL Financial LLC increased its position in Neuberger Berman Next Generation Connectivity Fund by 3.4% during the 4th quarter. LPL Financial LLC now owns 70,306 shares of the company’s stock worth $896,000 after buying an additional 2,300 shares during the period. Finally, GWN Securities Inc. acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth $448,000.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

NBXG stock opened at $10.97 on Friday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 52 week low of $10.70 and a 52 week high of $13.86. The company’s 50-day simple moving average is $12.94 and its 200 day simple moving average is $12.98.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.94%.

About Neuberger Berman Next Generation Connectivity Fund

Neuberger Berman Next Generation Connectivity Fund Inc (NBXG) is a newly organized, non-diversified, limited term closed-end management investment company focused on next generation mobile network connectivity and technology.

The Fund’s investment strategy focuses on equity securities issued by U.S.